By Dominic Chopping
STOCKHOLM–Volvo Car AB said Tuesday it will invest 10 billion Swedish kronor ($1.1 billion) in its Torslanda, Gothenburg, manufacturing plant in the coming years to prepare for production of its next-generation fully electric cars.
As part of the planned investments, the company will introduce a number of new and more sustainable technologies and manufacturing processes at the plant, the auto maker said.
“Torslanda is our largest plant and will play a crucial role in our ongoing transformation as we move towards becoming a pure electric-car maker by 2030,” Chief Executive Hakan Samuelsson said.
The Torslanda plant has an annual production capacity of 300,000 cars and employs around 6,500 people.
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